National Bank of Bahrain Eyeing Rival’s Shares

published:23/10/2018 09:03 GMT

National Bank of Bahrain (NBB) is weighing an acquisition of shares in Bahrain Islamic Bank (BISB), the company said in a disclosure on Monday. The lender is “considering making a potential voluntary offer for issued shares in BISB,” the filing said, without specifying whether NBB would be buying a stake or a complete acquisition of BISB. NBB is the second-largest Bahraini bank by market capitalization, according to Refinitiv data. BISB is the eighth-largest by market capitalization, the data...More